Japanese electronics maker Kyocera unveiled consolidated results for the first fiscal quarter. The company's revenue rose 8% due in part to the growing sales of printing equipment.

Based on the results of the three-month reporting period ended June 30, 2017, net profit attributable to shareholders amounted to 35 billion yen ($ 313 million), which is twice as much as a year earlier. Revenue for this time increased from 320 to 345.2 billion yen (3.1 billion dollars).

The division responsible for the development and sale of printers, MFPs and copiers remains the largest business of Kyocera, which in the reporting year brought the company almost 23.5% of revenue. In April-June 2017, revenues here increased by 8.1% compared to the same period in 2016 and reached 81 billion yen ($ 730.9 million) due to the release of new products and active promotions. Quarterly operating profit of the unit jumped by 58%, which the manufacturer will explain by the growing sales of equipment and cost reductions.

In the Components Business structure, which specializes in the supply of components for cars, mobile devices, telecommunications infrastructure and industrial equipment, revenue rose 13% to 185.1 billion yen ($ 1.7 billion). As the main positive factor, the company noted the growing demand for smartphones and cars, especially in the United States and China.

"Orders for the supply of electronic components are high in all departments," said Kyocera President Hideo Tanimoto,.

The volume of communication business Kyocera in terms of revenue fell by 1.3% to 57.1 billion yen (515.3 million dollars).

The main factor of this regression in the company considered a decline in the share of sales of budget mobile phones in foreign markets. The operating profit in the division was 1.2 billion yen ($ 10.8 million) vs. a loss of 4.8 billion yen a year earlier.

Following the results of the 2017 financial year, Kyocera expects revenue of 1.4 trillion yen ($ 12.6 billion), which is 5.4% more than a year ago. Net profit is projected at 103.8 billion yen (936.7 million dollars) - by 1.1% more compared to 2016 financial year. The same forecast was made by the company before.